(JBSsa.com)

JBS posts large loss, announces reorganization

Brasilia | Reuters –– Brazilian meat packer JBS posted a much larger-than-expected first-quarter loss on Thursday, but its shares jumped the day after it announced a corporate reorganization to bring together international operations. JBS, the world’s biggest meat packer, lost 2.741 billion reais (C$1.02 billion) on currency hedging costs and poor results on the company’s […] Read more




October 2019 saw strong domestic and export demand for beef.

World food prices edge up in April

Rome | Reuters — World food prices rose slightly in April, up for the third month in a row but they remained almost 10 per cent lower than a year earlier, the United Nations food agency said on Thursday. The Food and Agriculture Organization’s (FAO) food price index, which measures monthly changes for a basket […] Read more


(Dave Bedard photo)

Maple Leaf dishes up first-quarter profit

Reuters — Canadian meat processor Maple Leaf Foods reported a better-than-expected quarterly profit, helped by higher earnings in its prepared meats business. Adjusted operating earnings in the meat products segment rose nearly eight-fold to $61.3 million in the Toronto company’s first quarter, helped by lower operating costs and price increases. The company, whose brands include […] Read more






(UCCS.ucdavis.edu)

California communities beg for relief from drought restrictions

Sacramento | Reuters — California communities where a wet winter has filled reservoirs and begun ameliorating the state’s catastrophic four-year drought begged water regulators on Wednesday to reduce or eliminate emergency conservation measures imposed last year. Facing pushback from aggravated consumers under the ongoing rules, water utilities say they will have little credibility asking for […] Read more

(Dave Bedard photo)

Costco plans chicken plant in Nebraska

Reuters — Costco Wholesale Corp. is considering building a poultry-processing plant in Nebraska, according to a local development council, a move that would give the retailer tighter control over its chicken supplies. The facility, if built in Nebraska’s Dodge County, would create 1,100 jobs, work with local chicken farmers and invest $180 million in the […] Read more